The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood purification equipment market report forecasts the blood purification equipment market size to grow to $26.44 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Blood Purification Equipment Market Size Forecast
The global blood purification equipment market is expected to grow from $18.93 billion in 2022 to $20.28 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood purification equipment market size is expected to reach $26.44 billion in 2027 at a CAGR of 6.3%.

Asia-Pacific held the largest blood purification equipment market share.

Key Blood Purification Equipment Market Driver ­– Increase In The Prevalence Of Metabolic And Immune Disorders
According to the International Diabetes Federation, a Belgium-based umbrella organisation of national diabetes associations, global diabetes prevalence in 20-79-year-olds was 536.6 million in 2021 and was anticipated to increase by 12.2% (783.2 million) by 2045. As a result, the rise in the prevalence of metabolic and immunological illnesses is propelling the blood purification equipment market forward.

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Key Blood Purification Equipment Market Trend – Product Innovations
Major players in the blood purification equipment market are focusing on developing innovative solutions to maintain their market position. For example, Medtronic plc, an Irish medical technology company, will unveil Carpediem, an emergency dialysis equipment for paediatrics, in December 2020. Carpediem is prescribed for hemodialysis or hemofiltration therapy in individuals with acute renal damage or who are fluid-overloaded. It overcomes a key barrier by providing continuous renal replacement therapy (CRRT) to patients weighing 2.5 to 10 kilogrammes.

Blood Purification Equipment Market Segment
1) By Product Type: Portable, Stationary
2) By Indication: Sepsis, Renal Diseases, Other Indications
3) By End User: Hospitals And Clinics, Dialysis Centers, Other End Users

Blood Purification Equipment Market Major Players and Strategies
Major players in the blood purification equipment market are B. Braun Melsungen AG, Baxter International Inc., Nikkiso Co. Ltd., Spectra Medical Inc., Fresenius SE and Co. KGaA, Cerus Corporation, Informed SA, Asahi Kasei Corporation, Healthwell Medical Tech. Co. Ltd., SWS Medical Group, ExThera Medical Corporation, Stellarray Inc., Medtronic, Toray Medical Co Ltd., NxStage Medical Inc., Nipro Pharma Corporation., WEGO Group, JMS Co. Ltd., and Shanwaishan Medical Group.

L. Gore & Associates, Inc., a US-based firm that makes products derived from fluoropolymers, bought InnAVasc Medical, Inc. for an unknown sum in September 2022. Gore’s dialysis access solutions will now include graft technology as a result of this acquisition. The InnAVasc device with graft circuits provides patients with safe, convenient, reproducible, and long-lasting access to dialysis treatment. InnAVasc Medical Inc. is a medical equipment manufacturing company situated in the United States that creates and develops solutions for vascular access for hemodialysis.

The Blood Purification Equipment Global Market Report 2023 covers regional data on blood purification equipment market size, blood purification equipment market trends and drivers, opportunities, strategies, and blood purification equipment market competitor analysis. The countries covered in the blood purification equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood purification equipment is a type of hollow-fiber membrane device used in critical care nephrology to purify blood (exchange solutes) by diffusion, convection, and ultrafiltration. It purifies blood by removing pollutants and permanently damaged red blood cells.

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